SevenSeaS
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$JPG(5323.MY$ what happened to this company? share price dropping since after listing. Is the company heading to…?
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SevenSeaS
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![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined"){kind=small}
SevenSeaS
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Hi mooers!
JPG is about to start trading officially, what's your take on this? 🤔
Johor Plantations Group is a leading upstream oil palm plantation company operating primarily in Johor. As of November 10, 2023, the group manages 23 plantations with a total land bank of 59,860 hectares, of which 55,982 hectares are planted with oil palms. This IPO aims to raise funds for expansion into downstream plantation operations, repayment of bank loans, ...
JPG is about to start trading officially, what's your take on this? 🤔
Johor Plantations Group is a leading upstream oil palm plantation company operating primarily in Johor. As of November 10, 2023, the group manages 23 plantations with a total land bank of 59,860 hectares, of which 55,982 hectares are planted with oil palms. This IPO aims to raise funds for expansion into downstream plantation operations, repayment of bank loans, ...
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SevenSeaS
voted
WELL CHIP GROUP BERHAD 5325
Timetable of IPO
Opening of application: 26/6/2024
Closing of application: 10/7/2024
Balloting of application: 12/7/2024
Tentative listing date: 23/7/2024
-Will be listed on the Main Board
Info of IPO
Enlarged no. of shares upon listing: 600M
IPO price: RM1.15
Market capitalization: RM690M
Estimated funds to raise from Public Issue: RM172.5M
PE ratio = 19.53x (based on FY2023)
Ut...
Timetable of IPO
Opening of application: 26/6/2024
Closing of application: 10/7/2024
Balloting of application: 12/7/2024
Tentative listing date: 23/7/2024
-Will be listed on the Main Board
Info of IPO
Enlarged no. of shares upon listing: 600M
IPO price: RM1.15
Market capitalization: RM690M
Estimated funds to raise from Public Issue: RM172.5M
PE ratio = 19.53x (based on FY2023)
Ut...
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SevenSeaS
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SevenSeaS
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- YouTube
### Detailed Key Points Summary of Well Chip Group (5325.MY) IPO Video:
**Company Overview**:
- Established in 1988, under Singapore's ValueMax Group.
- Operates 23 pawn shops and 4 retail stores in Johor.
- Holds a 36% market share in the pawn industry.
**Financials (2023)**:
- Revenue: RM 240 million (+28.8% YoY).
- Net profit: RM 35.32 million (+40% YoY).
- Revenue composition: 35.9% from pawn services, 64.1% from jewelry retail and trade.
- Profit margin: Decreased from 51.7% in 2...
### Detailed Key Points Summary of Well Chip Group (5325.MY) IPO Video:
**Company Overview**:
- Established in 1988, under Singapore's ValueMax Group.
- Operates 23 pawn shops and 4 retail stores in Johor.
- Holds a 36% market share in the pawn industry.
**Financials (2023)**:
- Revenue: RM 240 million (+28.8% YoY).
- Net profit: RM 35.32 million (+40% YoY).
- Revenue composition: 35.9% from pawn services, 64.1% from jewelry retail and trade.
- Profit margin: Decreased from 51.7% in 2...
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SevenSeaS
liked
Stock Price (2024/06/13): RM0.280
P/E: 8.47x
Dividend Ratio: N/A
NTA: RM0.270
Looks like yesterday should have been a great day. 3 companies actually issued prospectus ready to go public in one go public?
Among these 3 IPOs, the moderator also selected the company that he personally thought was the most interesting to discuss with everyone; however, let's first explain that this is not a trading proposal; if you see the end, you also need to filter it yourself.
Let's first talk about why we think Ocean Fresh Berhad (OFS, 0312) is so interesting; first, OFS's current IPO is only 210.1 million shares, RM0.280 per share, which means that after listing, the company's market value is RM58.8 million, which is a relatively small IPO in 2024.
Also, OFS's current IPO did not develop MITI subscriptions, and no shareholders sold shares (Offer for Sale, which also happens to be “OFS” for short), which is quite intriguing.
In other words, the OFS situation is for small stocks, and there is little selling pressure, and with further inquiries, the background of several major shareholders is also not easy. If you are interested, you can turn over the prospectus and take a closer look...
...
P/E: 8.47x
Dividend Ratio: N/A
NTA: RM0.270
Looks like yesterday should have been a great day. 3 companies actually issued prospectus ready to go public in one go public?
Among these 3 IPOs, the moderator also selected the company that he personally thought was the most interesting to discuss with everyone; however, let's first explain that this is not a trading proposal; if you see the end, you also need to filter it yourself.
Let's first talk about why we think Ocean Fresh Berhad (OFS, 0312) is so interesting; first, OFS's current IPO is only 210.1 million shares, RM0.280 per share, which means that after listing, the company's market value is RM58.8 million, which is a relatively small IPO in 2024.
Also, OFS's current IPO did not develop MITI subscriptions, and no shareholders sold shares (Offer for Sale, which also happens to be “OFS” for short), which is quite intriguing.
In other words, the OFS situation is for small stocks, and there is little selling pressure, and with further inquiries, the background of several major shareholders is also not easy. If you are interested, you can turn over the prospectus and take a closer look...
...
Translated
![[IPO] Ocean Fresh | 12Invest](https://sgsnsimg.moomoo.com/sns_client_feed/102311682/20240613/1718261468258-5b1cd48737.jpeg/thumb?area=104&is_public=true)
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![[loading]](data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMjYiIGhlaWdodD0iMjYiIHZpZXdCb3g9IjAgMCAyNiAyNiIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KPHBhdGggZmlsbC1ydWxlPSJldmVub2RkIiBjbGlwLXJ1bGU9ImV2ZW5vZGQiIGQ9Ik0xMi45OTk5IDAuMzI1NDM5QzYuMDQxMTEgMC4zMjU0MzkgMC4zOTk5MDIgNS45NjY2NSAwLjM5OTkwMiAxMi45MjU0QzAuMzk5OTAyIDE5Ljg4NDIgNi4wNDExMSAyNS41MjU0IDEyLjk5OTkgMjUuNTI1NFYyMi43MjU0QzcuNTg3NTEgMjIuNzI1NCAzLjE5OTkgMTguMzM3OCAzLjE5OTkgMTIuOTI1NEMzLjE5OTkgNy41MTMwNSA3LjU4NzUxIDMuMTI1NDQgMTIuOTk5OSAzLjEyNTQ0VjAuMzI1NDM5WiIgZmlsbD0idXJsKCNwYWludDBfbGluZWFyXzIyMDBfNDg2NikiLz4KPHBhdGggZmlsbC1ydWxlPSJldmVub2RkIiBjbGlwLXJ1bGU9ImV2ZW5vZGQiIGQ9Ik0xMyAyNS41MjU0QzE5Ljk1ODggMjUuNTI1NCAyNS42IDE5Ljg4NDIgMjUuNiAxMi45MjU0QzI1LjYgNS45NjY2NSAxOS45NTg4IDAuMzI1NDQgMTMgMC4zMjU0MzlWMy4xMjU0NEMxOC40MTI0IDMuMTI1NDQgMjIuOCA3LjUxMzA1IDIyLjggMTIuOTI1NEMyMi44IDE4LjMzNzggMTguNDEyNCAyMi43MjU0IDEzIDIyLjcyNTRWMjUuNTI1NFoiIGZpbGw9InVybCgjcGFpbnQxX2xpbmVhcl8yMjAwXzQ4NjYpIi8+CjxjaXJjbGUgY3g9IjEzLjAwMDEiIGN5PSIyNC4xMjUzIiByPSIxLjQiIGZpbGw9InVybCgjcGFpbnQyX2xpbmVhcl8yMjAwXzQ4NjYpIi8+CjxkZWZzPgo8bGluZWFyR3JhZGllbnQgaWQ9InBhaW50MF9saW5lYXJfMjIwMF80ODY2IiB4MT0iNy4zOTk5IiB5MT0iMjUuNTI1NCIgeDI9IjcuMzk5OSIgeTI9IjIuNDI1NDQiIGdyYWRpZW50VW5pdHM9InVzZXJTcGFjZU9uVXNlIj4KPHN0b3Agc3RvcC1jb2xvcj0iIzdBN0E3QSIgc3RvcC1vcGFjaXR5PSIwIi8+CjxzdG9wIG9mZnNldD0iMSIgc3RvcC1jb2xvcj0iIzdBN0E3QSIgc3RvcC1vcGFjaXR5PSIwLjUiLz4KPC9saW5lYXJHcmFkaWVudD4KPGxpbmVhckdyYWRpZW50IGlkPSJwYWludDFfbGluZWFyXzIyMDBfNDg2NiIgeDE9IjIwIiB5MT0iMjUuNTI1NCIgeDI9IjIwIiB5Mj0iMi40MjU0NCIgZ3JhZGllbnRVbml0cz0idXNlclNwYWNlT25Vc2UiPgo8c3RvcCBzdG9wLWNvbG9yPSIjN0E3QTdBIi8+CjxzdG9wIG9mZnNldD0iMSIgc3RvcC1jb2xvcj0iIzdBN0E3QSIgc3RvcC1vcGFjaXR5PSIwLjUiLz4KPC9saW5lYXJHcmFkaWVudD4KPGxpbmVhckdyYWRpZW50IGlkPSJwYWludDJfbGluZWFyXzIyMDBfNDg2NiIgeDE9IjEzLjAwMDEiIHkxPSIyNC4xMjUzIiB4Mj0iMTQuNDAwMSIgeTI9IjI0LjEyNTMiIGdyYWRpZW50VW5pdHM9InVzZXJTcGFjZU9uVXNlIj4KPHN0b3Agc3RvcC1jb2xvcj0iIzdBN0E3QSIvPgo8c3RvcCBvZmZzZXQ9IjEiIHN0b3AtY29sb3I9IiM3QTdBN0EiIHN0b3Atb3BhY2l0eT0iMCIvPgo8L2xpbmVhckdyYWRpZW50Pgo8L2RlZnM+Cjwvc3ZnPgo=)
SevenSeaS : The main players didn't enter the scene; they were all retail investors on the run. Hopefully, the main players will enter the market to raise the price.